The Attacq strategy includes significant offshore diversification with more than 24% in gross assets in hard currency economies. The decision to invest outside of South Africa was taken to diversify Attacq’s portfolio, to create a Rand hedge and take advantage of the growth opportunities in foreign and stable developed markets. Attacq investment in MAS has proven to be very good. MAS has recently expanded its investment horizon to include Central and Eastern Europe, specifically Romania. The Cyprus assets Attacq invested in, in July 2015 have favourable expansion opportunities and as part of the Serbia investment made in December 2015, the shareholders capitalised a development fund with €20 million of equity for new developments. AttAfrica will complete another development in Kumasi, Ghana in April 2017.